Tax Law Generally Disallows Deductions for Personal Expenditures

Tax law generally disallows deductions for personal expenditures. However, due to legislative grace, there are certain exceptions to this general provision of tax law. These exceptions include
I.Itemized Deductions.
II.Standard Deduction amount.
III.Personal Exemption amounts.
IV.Dependency Exemption amounts.
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A) Statements I and IV are correct.
B) Statements I, II, and III are correct.
C) Statements I and II are correct.
D) Statements I, II, III, and IV are correct.
E) Statements III and IV are correct.